✔️ Its one big joke! The Bittensor decentralized AI project has taken the drastic step of temporarily suspending its blockchain operations following a suspected hack targeting users' wallets. The attack is believed to have occurred due to a leak of private keys. To prevent further unauthorized access, all transactions have been suspended while the development team conducts a thorough investigation.

According to a post by a Bittensor community administrator on Discord, the suspension is a precautionary measure to ensure the security of users' funds. Blockchain analyst ZachXBT reported that approximately 32,000 native Bittensor (TAO) tokens, worth an estimated $8 million, were stolen as a result of the hack.

This incident underscores the importance of robust security measures in the decentralized finance space, particularly concerning the management and protection of private keys. The Bittensor team is expected to provide further updates as the investigation progresses. $TAO